ABOUT LAZARIS MILL
What is Lazaris Mill retirement village?
Lazaris Mill retirement village is a purpose-built beautiful and secure collection of apartments, which are specifically designed for the over 55s. At the heart of Lazaris Mill retirement village there is a small boutique hotel for visiting friends & family which houses the facilities of Lazaris Mill retirement village.
How big is the retirement village?
Lazaris Mill comprises 65 apartments plus the hotel, shops, medical centre and facilities.
Can my friends and family use the facilities?
Your visitors are always welcome to use the facilities.
Is there anywhere for my friends and family to stay when they visit me?
Friends and family can of course stay with you subject to space or if more convenient or they prefer there is a hotel on-site and as a resident you have a discounted rate for them.
Is Lazaris Mill age exclusive?
At least one of the residents must be 55 to live at Lazaris Mill but guests are of course welcome.
Is there a shop at Lazaris Mill retirement village?
Lazaris Mill has a shop, beauty salon, chemist & medical centre on-site.
Who is available at night?
As well as hotel staff and reception there is a 24-hour nurse on-site as well as security patrols. There is also the possibility of 24-hour care.
Does Lazaris Mill have links with the local community?
Indeed, it does. As well as using local staff and suppliers, a programme of education, activities & excursions is designed to integrate and learn more about the local area and community.
Who manages the retirement village?
Lazaris Mill is managed internally to ensure standards, consistency and transparency.
ABOUT YOUR HOME
Do I own my own home?
Absolutely. All properties at Lazaris Mill are sold Freehold.
What type of property can I buy?
There is a range of properties available from studios to large 3 bedroom apartments.
Can I bring my pet?
Yes, we understand the importance of family pets and their companionship. All well behaved pets are welcome, though we do ask that you let us know before you move in.
Do I stay in control of my household bills?
Yes you do. You are responsible for your own water and electric consumption, council tax and home contents insurance. Plus, other sundries you might choose such as internet, TV packages etc.
Can I make improvements or changes to my house?
You are free to make any internal/decor changes you wish. We do recommend you consult with us regarding any internal structural changes which might affect the building integrity. External changes are subject to approval as it is important to maintain the overall look and aesthetic of the village.
Will my home be looked after if I am away?
The Village has 24-hour security and regular patrols. We can also arrange to inspect your home if you are away for an extended period and even stock your fridge for you in preparation for your return.
Will I be able to stay in my home as long as I choose?
The whole ethos of Lazaris Mill is to provide luxury accommodation for you as an active, independent person, while also catering for whatever needs you may have in the future. Most of us would like to believe we can manage all of the challenges that come with growing older but, should you ever require it, your property has been designed and built so it can be quickly and easily adapted to any changing needs and we can also provide whatever range and level of service & assistance you might need.
Can I get domestic help or home care?
Absolutely. Our goal is to be able to cater to your every need and we can provide assistance in a range of domestic and housekeeping tasks as well more specialised personal/medical care. We have a range of options available and you only pay for the services you choose.
Can you help me to sell my home if I want to in the future?
While we will be sorry to see you go, we are happy to assist in the sale of your property though our extensive networks. Typically, we would charge a marketing fee of 2% on successful completion of your sale. You are however at complete liberty to use a sales agent of your own choice.
About Management Fees
What is the monthly management fee?
The monthly management fee covers all the ongoing costs of running the village, facilities and activities and the expense of any major works required. It will be invoiced to you every month and you can pay it either by direct debit, cheque or in cash.
What is included in my monthly management fee?
- The management fee covers the following services:
- Building Insurance.
- External upkeep of your property, repairs and renovations.
- Essential repairs and improvements to the infrastructure such as pathways and road surfaces.
- Professional gardening, maintenance and upkeep of communal areas.
- Servicing and maintenance of lifts.
- 24/7 night porter & nurse, on-site security service and CCTV cameras.
- Emergency response button connected to the medical centre and intercom system.
- Daily rubbish removal.
- Health Club & Spa membership.
- Outdoor and heated indoor pool.
- Preferential rates for food and beverages in the restaurant, café & bar.
- Free inter-property phone calls and Wi-Fi.
- On-site Village Manager and support team.
- Min-bus service.
- Sinking/reserve fund.
- Window cleaning.
- Activity programme.
- Legal and administrative fees.
- Other sundry expenses and items agreed by the owners and committee.
Will my monthly management fee ever increase?
It is possible for the management fee to increase and also to decrease. Generally, any increase will be in line with inflation. The management is run on a not for profit basis and there is a strong commitment to reduce overheads and improve efficiency to keep fees low.
How much do I pay?
The management fee varies depending on the size of your property in keeping with Cyprus Law. In the first year this will be approximately €40 per sqm. Hence a 60 sqm one-bedroom apartment will be in the region of €2,400 per year. This is considerably less than similar Villages in the UK and elsewhere and without any hidden extras such as ground rent, parking fees and Event/Assignment fees on the sale of your property.
Can I opt out of the management fees or a part of them?
No. Acceptance of the management fees is a condition of purchase and part of the purchase agreement. This is necessary to ensure the integrity of the village in years to come and guarantee it’s smooth running and operation into the future.